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Thor Medical ASA (TRMED)

Oslo
Symbol
Exchange
Currency
TRMEDOsloNOK
TRMEDoBATS EuropeNOK
0R6YLondonNOK
TRMEDNOKStockholmNOK
Currency in NOK
Disclaimer
1.06
+0.01(+0.95%)
Closed

TRMED Comments

NANO: Bet-takers WEEK, doubling at half risk, CROWDED PUSH. DETECTION of continous move to doubling of share price.. . Each of the last two weeks, NANO has produced a Bearish Three Gaps Up while the share price rose from 14NOK to 24NOK. This technical candlestick pattern (three consecutive long white candles with gaps between) shows unusal strong buy incentives. Usually this pattern is followed by profit taking, hence it is a sell signal.. . The first profit taking only produced an Inversed Head & Shoulder buy signal leading to the next Bearish Three Gaps up. Noteworthy; the topping of this patterns last candlestick consists of a strong row of intraday candlesticks prodcuing several small or shorter term buy signals. This signs unwillingness to take profit and new buying interest watching closely..
Serial Bearish Three Gaps Up combined with modest consolidations producing intermediate buy signals is a BULLISH REVELATION. The sentiment and volume is turning crowded and time is needed to normalize. The residual is the share price. . . The coming week is also crowded with NANO-events Swiss Biotech Day April 12th and major AACR April 15th-17th. The latter is seen as a confirmation of positive test-results, attracting pure bet-takers.. . Over the last fourteen days, NANO has risen 10 NOK to pre-IPO private placement level. Beeing increasingly reluctant to take profit; the market might push the share price another 10 NOK up to IPO-level a year ago. Considering these levels, technical market behaviour, presentations in the coming week, Q1 presentation May 19th and a thoroughly CAPM May 31st - investors should prepare for the pace of such a white horses race.
time for long entry on pullback?
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